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a big deal. so what is a big deal? white house officials tell me anything over $2 trillion, but he is pushing for more in the area of cuts that would equal $4 trillion over the next 10 to 12 years. now, this all comes against the backdrop of a report today in the "washington post" saying thatm president obama is putting social security on the table along with medicare and medicaid and when we asked the white house about this, they said, look, this is not news. the president has always supported the idea of small cuts in those entitlement programs to make them more effective as long as the cuts didn't impact beneficiaries and having said that some folks on the hill say there are some scenarios which would see a major overhaul of the entitlement programs, but the white house says they would not want to see anything to overhaul the main programs. but one of the sticking points here, thomas, is taxes. democrats want to see a rollback in tax credits for the wealthy americans and in big corporations, and the republicans have said no way, we don't support anything that looks like a tax in
to happen here with rupert murdoch and his son james tomorrow? >> well, that is certainly, that is the big question. and rupert murdoch and his son james, and rebekah brooks, who are appearing before the select committee have to be so careful, and so careful in fact, that rupert murdoch's biographers saying he is in rehearsals and being coached by aides and he is walking a fine line, because on one hand, he is under oath, and so like he and his son and rebekah brooks, they can't lie. if they do lie, it is a crime. so they have to be careful what they say. they can't mislead this group, but at the same time, they don't want to give too much away either, because this is such a reprehensible difficult and negative story that any facts on how to what extent the criminality of how far it went up the ladder at any of the companies as the facts come out, it could well, we could well see a drop from the bottom just out of news corporation. today, already, tamron, we saw a 5% jump in news corp stock in australia. so that the wheels of this amazing story just keep rolling along, and you mentioned in
, and that is part of the big debate regarding this honor that is given out. >> well, there are plenty of acts of valor all of the time. everyday our troops are in contact with the enemy, we are having troops killed and wounded everyday, and there are valorous acts that are performed by our soldiers and sailors and airmen and marines all of the time. it is only some of them that get recognized but if you ask any recipient of the medal of honor or indeed any recipient, he will tell you he is not wearing it for himself, but those who can't. >> and this is only the second living recipient since the vietnam war, and we know many hundreds of thousands of troops out there who have served multiple troops like sergeant petry who served in iraq and afghanistan and who you would like to have them receive this honor while they are there and hear the words of honor said from the president and thosexd attendance there. >> well, he said it eloquently in that it is important that we have a -- see it and hear it, because otherwise we don't feel important to it. and it is important to recognize these people wh
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